What areas in the USA have the LOWEST property taxes?
Q. Are there certain states in the country that have generally lower property taxes than others? Or does it vary depending on the area, community, or even the house itself? I mean, are property taxes even going to be the same for two houses that exist in the same subdivision? I'm looking to purchase a home soon, and I wanted to buy in a location where I would have to pay the MINIMAL property tax. I work online, so I am flexible when it comes to moving.
Asked by Kat Hillard - Wed May 20 20:27:11 2009 - Renting & Real Estate - 1 Answers - Comments

A. alaska has the cheapest property taxes... prop taxes can vary between two houses next to each other because the house value may differ, size may differ, proximity to fire station or hydrant differs, etc. in short, cheapest prop taxes are in areas where there is little city facilities (fire station, police station, roads, schools, library) which raise the prop taxes
Answered by T E - Wed May 20 20:35:24 2009

What logical reason is there for not cutting the loopholes and taxing Corporations/businesses that?
Q. benefit from outsourcing to the highest rate of tax code, while in the same run offering a minimal tax burden to wholly American businesses? This solves the issue at both ends.
Asked by Equalize The Damage - Tue Nov 1 00:54:26 2011 - Politics - 5 Answers - Comments

Is it realistic to want minimal or no taxes yet want a massive military and legislation on nearly everything?
Q. I always hear lower taxes, which naturally sounds like a great idea, but is it practical, when in this world, the same people want a massive military and legislation on many aspects of life A proposed alternative, which makes sense to me, is increased government business, but does'nt that go against conservative ideology which states any government business is doomed to fail.
Asked by JoeThatUKnow - Fri Jul 7 14:11:08 2006 - Politics - 5 Answers - Comments

A. You are so right . I think the American People think it's the Government that has the money to pay everything , but the question it where do they get that money . From the taxpayers that's who , you and me . I don't mind paying more taxes for important things to help this country and people in need . I don't want my tax money spent on higher wages for a do nothing Congress and fancy trips etc...and needless wars , illegals and subsidies to giant Corporations .
Answered by 3D Farms - Fri Jul 7 14:28:56 2006

What is minimal wage and how high are taxes in Salt Lake City Utah?
Q.
Asked by ><)))>certain Mormon&lt - Thu Nov 8 15:12:09 2007 - United States - 2 Answers - Comments

A. The federal minimum wage for covered nonexempt employees is $5.85 per hour effective July 24, 2007. Don't know what you consider *high taxes*.
Answered by nolainkansas - Mon Nov 12 15:11:46 2007

what are the minimal years taxes need to be filed if a person hasn't filed in 9 years?
Q.
Asked by Rosalyn L - Sun May 3 19:14:31 2009 - United States - 8 Answers - Comments

A. There really aren't minimal years. IF you were required to file a return, you're required up to 10 years, and with fraud, longer. Of course you only get refunds going back 3 years, so I'd do 3 most recent years and work backwards from there. IRS is most concerned with last 6 years. Look at requirements, and whether the income was such that you had to file each of those years, (approximately) more than $400 self employment or $8000 in W-2 wages, unless dependent, then more than $3000. www.irs.gov Do I have to file? You will feel so good, bringing yourself up to date with these!!!
Answered by chatsplas - Sun May 3 22:32:10 2009

How far back can you pay taxes?
Q. I need to know how far back you can pay taxes. I have an aunt that is older and she states she forgot to pay her taxes...she is now trying to oficially retire and she was told she has not paid any taxes for the past 10 years (she was paid in cash) and that she would have to work the 10 years to get SS and medicare benefits. Can't she just pay the taxes for those 10 years? Additional Details 1 minute ago Update: Let's say she never made the minimal amount to file and now needs to recieve ss benefits because she is over 65, how can she swing that? Or as my original question said, how far back can you pay with no problems?
Asked by Mick R - Wed Jul 12 19:13:59 2006 - United States - 13 Answers - Comments

A. She can pay taxes as far back as she wants. Put she is going to in cure so much in penalties and interest. That she will probably be in debt for the rest of her life. She does not need to claim the income to collect Social Security if she is of retirement age. All she has to do is file for retirement benefits. People who have never worked out side the home collect Social Security. If she has never worked she will get a minimual amount. However if she is married or was married she can collect off of her husbands Benefits.
Answered by Kali_girl825 - Wed Jul 12 19:20:26 2006

What will the IRS do to me for evading just over $300 in taxes that they claim I owe?
Q. I shouldn't actually owe this because the volunteers working for the county who did my taxes screwed it up. Typically, what minimal dollar figure do you think they would try to throw someone in prison for evading? Is it a long process? There should only be about 5% interest on it annually, and I do plan to pay it as soon as I can afford to. What if they know I don't have the funds or assets to pay it?
Asked by Pensivefox - Wed Oct 14 14:05:08 2009 - United States - 7 Answers - Comments

A. it would probably be wise to have your taxes reviewed to see if more errors were made and that you actually owe the amount of money if it is found that you do owe the $300 it would be wise to pay if off as quickly as possible because interest continues to accrue and it will no longer be just $300 tax evasion is when the 'big' guys flaunt the system and don't pay their proper taxes
Answered by tro - Wed Oct 14 14:11:20 2009

Can a married couple filing taxes separately use the earned income credit if one spouse made minimal income?
Q. So I made about $3,000 in 2009 and my husband made about $38,000. If we file separately can I claim the earned income credit?
Asked by Amy - Thu Mar 18 21:19:02 2010 - United States - 3 Answers - Comments

A. You cannot claim the earned income credit if you file as married filing separately.
Answered by card-ron - Thu Mar 18 21:28:50 2010

Taxes 2010: How should I report my minimal freelance income?
Q. My wife and I will be receiving W2's from our full time jobs, so we will file together and obviously I will report those salaries on our standard 1040. I also earned a very small freelance income (about $600) doing a small Web design consulting project. Since I will not be receiving a W2 from my customer for this income, on what form should I report it when filing taxes? Also, when I file taxes will I just need to write the $600 amount down or should I submit some kind of proof/documentation for this income? (In other words will I need to create my own W2 or similar, or perhaps submit timesheets or copy of check, etc) Thanks guys. Also, because I am an "independent consultant", I won't be receiving a 1099-MISC. I realize I… [cont.]
Asked by Steve - Thu Jan 6 02:57:18 2011 - United States - 5 Answers - Comments

A. Hi, For the $600 you should use Schedule C-EZ, enter 600 on line 1 and 3, then enter this number to line 12 of 1040 , line 7 of 1040 is your wages from W2. And you need to fill out Schedule SE also : Line 2 : 600 Line 3 : 600 Line 4 : 554 ( 600 x 92.35% ) Line 5 : 85 this is your self-employment tax, enter this on line 56 of 1040 Line 6 : 43 this is half of SE, enter this on line 27 of 1040. On schedule C-EZ, you should enter your business code, see this link : ( page10 ) schedule C-EZ : Schedule SE : Best wishes
Answered by htm182111 - Thu Jan 6 09:02:33 2011

My Mom wants to gift me $5000 from her RRSP - Will she pay taxes on this? What is the best way to do this?
Q. For Canadians, what is the best way for a parent to give $ to their children with minimal tax implications on either side.
Asked by Sunnygirl - Tue Oct 20 13:39:39 2009 - Canada - 3 Answers - Comments

A. Yes, just like any withdrawal, it will be taxed to her as regular income in the year she withdraws it. What she does with the money is not relevant, as there is no gift tax in Canada.
Answered by neoplop - Tue Oct 20 16:06:58 2009

Can I deduct expenses for a self-published comic book as a 'hobby' on my taxes?
Q. I self-publish a comic book online for fun, that I do sell, but the profits from sales are extremely minimal (under $50 for '06). Considering preparation and printing costs well exceeded any profits I made, could the expenses of printing and supplies be deducted as 'hobby' expenses when filing my federal return? Also, I've spent money on supplies like paper, ink, brushes, etc. Could this also be deducted as part of the hobby? Thanks.
Asked by - Wed Jan 3 10:46:38 2007 - United States - 5 Answers - 1 Comments

A. Sure, you can deduct the expenses incurred for self-publishing a comic book online, for fun...ONLY if you claim income from it. You see, on a "hobbie" you may only claim deductible expense up to the $$ amount of your hobby income. It is therefore a wash...even steven...tit for tat...mano o mano. Why bother? ---Warning---warning---warning--- Be very careful about filing a Schedule C, (business loss) for a hobby. If you do, you must prove, to an IRS auditor, that all the income and expenses you claimed are legitimate. At an audit, if you are unable to prove this a legitimate business (which it is not) you will be held accountable for penalties, interest and reimbursement of money to the Internal Revenue Service. In my opinion, be… [cont.]
Answered by Meg - Wed Jan 3 11:02:26 2007

So, my husband wants me to make sure that taxes really are NOT due until Monday. Help me out with minimal...?
Q. effort on my part - quick before my question is deleted (again). I'm from USA but have been stuck in UK/Ireland for about two weeks now - I cannot escape, LOL!
Asked by awkwardly balanced - Fri Apr 15 13:12:47 2011 - Parenting - 5 Answers - Comments

A. that's true. they're due monday. they extended it because of emancipation day in washington...
Answered by 123 - Fri Apr 15 13:14:44 2011

I owe the for 2004 when i had no taxes taoken out. I got my money back last year. Will they stop rapid refund?
Q. I did not pay taxes on my unemployment in 2003/2004. I got a letter the end of 2005 stating I owed I contacted the IRS and was told that they would stop my return. They did not and I was approved for a rapid return. I was lucky! I do not owe much sos the interest and penalties are minimal. Will the IRS stop my rapid Refund this year.
Asked by missgrier - Mon Jan 1 18:14:49 2007 - United States - 5 Answers - Comments

A. There is no such thing as Rapid Refund. The IRS actually sued whichever company was using that term a couple of years ago. What you are talking about is a 'Refund Anticipation Loan' or 'RAL'. This is a bank loan expected to be paid from your tax refund. The IRS is in no way involved in this loan. The IRS may hold any refund you would have received this year to apply to whatever you owe. If they do, you still have to repay the bank. If the bank had been aware of a tax debt you owe, they would not have approved the loan.
Answered by STEVEN F - Mon Jan 1 19:37:49 2007

How much does a iphone plan cost after taxes and everything?
Q. Ok I currently pay my own bill on sprint and when I was shocked at how much extra taxes, insurance and things brought my bill up. I have the $69.99 everything data plan and after taxes and such my bill comes to $89.77. I would like to know what you people pay for your i Phone plan after taxes and everything. And this is with minimal data, talk, text extra. I plan on getting the minimal everything so that's what I'm looking for Thanks!
Asked by Aretha Frazier - Tue Jun 7 01:14:17 2011 - Cell Phones & Plans - 2 Answers - Comments

A. I'm on Verizon and have a single line. I have unlimited everything and pay about $91 (including tax). And no I do not have extra features (hotspot, gps nav., ect.).
Answered by Joe - Thu Jun 9 22:28:01 2011

What are alternate minimal tax and payroll tax?
Q. You hear these terms thrown in in each political debate regarding taxes... What are these things how do they each effect the way taxes are distributed on the society? Lastly what is so wrong for thepepople who had the highest tax increase when the taxes went, up getting the biggest cut when the taxes go down? ( I am not one of those people, If I was, I would have personal CPAs answering these questions and I would not be asking this on Yahoo answers.) Seems to me like if each time the taxes increase the most on the high income segment when they go up and decrease the most for the lowest icome people when thet go down, with each cycle the burden will kepp shifting more and more unfairly to people who have been paying the most taxes!
Asked by dude - Tue Jul 4 09:52:04 2006 - Economics - 1 Answers - Comments

A. The AMT was devised a number of years ago as a way to make sure those with high incomes were paying tax (since they could most often find ways out of it through deductions and credits). The problem is that the AMT has not been amended to adjust for wage inflation, and so it now smacks a number of middle class families, which results only in an added burden on those who were already paying income tax. The tax system in the U.S. is progressive in nature, meaning it will always 'sock it to the rich'.
Answered by Veritatum17 - Wed Jul 5 10:35:26 2006

I'm only 16 years old and have only worked minimal hours. Do I need to file taxes?
Q.
Asked by xTataLOVESMarkos - Thu Apr 12 16:24:39 2007 - Other - Taxes - 13 Answers - Comments

A. From a tax accountant - If you made over $850 then you have to file a return. If your parents are claiming you as a dependent, then you can not claim yourself. Your tax professional needs to luck at their return and yours to determine which is the best way to file.
Answered by Jennifer - Thu Apr 12 17:03:15 2007

What's the best way for a childs money to grow with paying minimal taxes..?
Q. Alternates to college funds..
Asked by RAZ - Fri Jun 22 12:33:19 2007 - Personal Finance - 7 Answers - 1 Comments

A. Dividend paying stocks is a great way. Dividends are taxed at a lower rate (in this case probably about 5% total with no FICA) if any tax at all. I'll give you two sectors and 3 stocks to consider. do your own research. Don't just buy into them because someone told you they were good: Mc Donalds (MCD): has consistently grown, consistently paid dividends (and increased them) for a long time. It pays once a year. It is in what I term the kids market and many in that arena seem to do very well. Utilities Sector and the company I'd look at is Southern Company (SO): They are the top rated utility in the country in terms of customer satisfaction, growth, etc. They are good corporate citizens. They pay a dividend of approximately 4.5% and the… [cont.]
Answered by John T - Fri Jun 22 12:50:52 2007

which country has minimal or no taxes on personal income??
Q. i want to work outside of australia and make some cash, i want to study overseas as well, which is the best country for me to go?? im a 23 yr old male
Asked by eddy - Wed Nov 21 03:03:30 2007 - Personal Finance - 7 Answers - Comments

A. Dubai
Answered by mum66 - Wed Nov 21 03:07:21 2007

Is it fraud if you dont file your taxes, even though you've never had a job?
Q. Is it fraud if you dont file your taxes, even though you've never had a job? And is there a minimal amount that you can make without having to file taxes?
Asked by Donnaka - Wed Mar 30 13:41:23 2011 - United States - 4 Answers - Comments

A. Failure to file is not treated as fraud, just simple negligence, according to a number of court cases. Fraud is the deliberate filing of a false claim in an attempt to claim funds from the IRS that you are not entitled to. An example would be claiming your neighbor's kids as your own in order to collect Earned Income Credit that you're not entitled to. You are required to file a return only if your income exceeds the filing requirement amount for your filing status. For example if you are single, not a dependent, and your income is anything but from self-employment, you don't need to file a return if your income was less than $9,350 in 2010. While it may be in your best interests to file if your income is less you are under no legal… [cont.]
Answered by Bostonian In MO - Wed Mar 30 13:50:00 2011

I've won PS88 million, where in the world do i set up base with regards to paying minimal tax,?
Q. moderate weather and low crime rate and so allowing me to walk down the street without fear. where in the world?
Asked by slowman826 - Fri Sep 28 09:38:30 2007 - Other - Society & Culture - 1 Answers - Comments

A. cuba? lol
Answered by - Fri Sep 28 09:43:01 2007